India’s Supreme Court has cleared a path for billionaire brothers Nitin and Chetan Sandesara to walk away from one of the country’s largest alleged bank fraud cases if they pay roughly a third of the dues authorities say they owe.
The ruling, which allows the pair to settle for about $570 million on liabilities pegged at $1.6 billion, could end years of criminal proceedings that New Delhi has pursued across multiple jurisdictions.
The ruling could open the way for economic offenders to strike similar settlements, leaving lenders strugglin
